Centum Real Estate Company has listed its Sh3 billion project bond on the Nairobi Securities Exchange (NSE), allowing investors to trade the security before it matures in 2023. The listing will also help track the three-year bond’s performance, timely implementation of the projects and uptake. “The listing gives investors flexibility and more options to cash […]
NSE Market watch board during ringing of the bell ceremony at Nairobi securities Exchange in Nairobi on Friday, Sept 4, 2019. [Jonah Onyango, Standard] Most of them sought for stable returns amidst increased volatility in other securities during the pandemic. Investors at the Nairobi Securities Exchange (NSE) traded a record Sh690 billion in Treasury bonds […]
Ascent Capital managing partner David Owino. PHOTO | FILE Nairobi-based private equity firm Ascent Capital is seeking to raise a total of $120 million (Sh13.1 billion) from various investors through a new fund. The capital will be invested in small and medium-sized companies in the East African region. Ascent has already received an investment proposal […]
Ascent Capital managing partner David Owino. PHOTO | FILE Nairobi-based private equity firm Ascent Capital is seeking to raise a total of $120 million (Sh13.1 billion) from various investors through a new fund. The capital will be invested in small and medium-sized companies in the East African region. Ascent has already received an investment proposal […]
The Capital Markets Authority (CMA) has granted approval to Centum Real Estate Limited (Centum Re) to issue secured zero-coupon and secured zero-coupon equity-linked Medium-Term Notes of Kshs4 billion, with a green shoe option of Kshs2 billion. The offer, a restricted issue, targets sophisticated investors who are sufficiently versed with the risks associated with the notes, […]
Centum Investment bets on dividends for better second half Centum Investment Company expects a better second half performance, lifted by a resumption in dividend payments from some of the companies it has shares in, its chief executive said after it posted a first-half loss. Centum swung to a loss in the six months to September […]
(Adds details, outlook, share price) NAIROBI, Nov 27 (Reuters) – Kenya’s Centum Investment Company expects a better second half performance, lifted by a resumption in dividend payments from some of the companies it has shares in, its chief executive said after it posted a first-half loss. Centum swung to a loss in the six months […]
Credit: REUTERS/SIEGFRIED MODOLA NAIROBI, Nov 27 (Reuters) – Kenya’s Centum Investment Company CTUM.NR said on Friday it swung into a 2.05 billion shillings ($18.67 million) pretax loss in the first half from a 7.72 billion shilling profit in the year ago period, hit by effects of the COVID-19 pandemic. The firm, which owns shares in […]
Businessman Chris Kirubi is investing billions of shillings in affordable housing in a move that will further spread his portfolio and that of his companies across more sectors. This comes as the investment firms, Two Rivers Development and Centum Investment Group, in which Mr Kirubi holds majority stakes, move to divest from commercial property development […]
NAIROBI (Reuters) – Kenya’s Centum Investment Company said on Friday it swung to a loss in the first half, due to pandemic-induced market uncertainty, though lean performances were offset by its cash and marketable securities holdings. The firm, which owns shares in listed and non-listed companies in the manufacturing, banking and publishing sectors, marked pretax […]
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